The Relative Strength (RS) Rating for Ally Financial jumped into a higher percentile Wednesday, as it got a lift from 70 to 78.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 as they begin their biggest price moves. See if Ally Financial can continue to rebound and clear that threshold.
Ally Financial is working on a consolidation with a 45.46 entry. See if it can clear the breakout price in heavy trade.
Earnings growth dropped in the most recent report from 98% to 68%. But revenue gains moved higher, from -19% to 6%.
Ally Financial earns the No. 11 rank among its peers in the Financial Services-Specialty industry group. IREN, X Financial ADR and Nasdaq are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
